Rayyan_2805

Possible Long for GOLD in Pullback to small parallel Trend line

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Possible short term long position for GOLD . Price has remained above both 200 and 50 EMA indicating long bias. The chart may look confusing as there are a lot of lines but these are just different trend channels that I have indicated and you can see the most accurate trend line channel is the parallel channel indicated as blue. The price has broken out of this trend to the downside and I expect a pullback to the trend line before a continuation to the downside. Keep an eye out as I will be following this pair closely and we will be holding any trades we have until next week as it is Friday today. FOREXCOM:XAUUSD
Comment: **Trend line hit.... Time to go up**
Comment: jheeez thats another one spot on